Wednesday, July 4, 2018

China Scales Down Investment in Democratic Republic of Congo

Foreign Policy published on 27 June 2018 an article titled "The Belt and Road Bubble Is Starting to Burst" by David G. Landry, international development consultant.

In 2007, the DRC signed a resource-for-infrastructure deal originally valued at $9 billion with a consortium of Chinese companies. The Chinese consortium misjudged the market it was entering and the project has been scaled back significantly. The author suggests the project is part of the Belt and Road Initiative (BRI), although it predates announcement of the BRI.